Trust Encryption Device (TED)

Australia’s CSIRO has developed a security device for online banking. It’s like a flash drive and contains a virtual computer environment which makes applications like online banking more secure.

However there’s a lot of doubt in the security world. You still need to plug it into a computer for it to start up, and you don’t always know what’s on the computer. Malware could still take screenshots and send them off to some unknown person on the other side of the world, and there’s little explanation on how it’s meant to avoid being tampered with.

It’s a technology to keep a watch on for the future. Full article here.

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